Industry News

The steel prices of Chinese market are continue rising, even weekly, daily, and hourly. The prices of steel-related products such as steel pipes, pipe fittings and flanges are affected heavily.

Because of the government supply-front economics policies， COVID-19， and reduced imports, the steel industry price rising from last year. How is the status of the China steel material is becoming a huge topic.

Belong with the short of ship containers, the new price rising of steel material is coming.

Centrally-administered State-owned enterprises have actively resumed production and construction operations in Central China's Hubei province as the epidemic prevention and control work.

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The US leader signed a legislation, provides for sanctions against individuals and companies involved with the vessels laying the Nord Stream 2 pipeline under the Baltic Sea from Russia to Germany.

The Central Economic Work Conference said China will push for the disposal of zombie enterprises in 2020 and combine the task with the formation of market and the establishment of a sound market exit mechanism.

This Monday, China announced the establishment of a national oil and gas pipeline company in a move intended to boost competition. JS FITTINGS will perticitate the bids in the coming time.

After entering November, not only did the steel price not fall in the cliff-like decline in November last year, but it continued to rise slightly. As of now, the spot price of rebar has risen by 173 yuan/ton, breaking through the 3,900 yuan mark. Rebar futures prices also showed a large increase, with a cumulative increase of 189 yuan / ton.

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